Global Scans · Energy Tech · Weekly Summary

• [New] Energy outlooks toward 2035 indicate that global renewable energy capacity could triple, while transmission and distribution infrastructure would need to double to keep pace with electrification, storage deployment and new demand patterns. Strategic Energy Europe
• [New] The Illvatn pumped storage power plant, located in Norway's Luster Municipality, will commence its construction in November and is expected to kick-start its operation by 2030. alcircle
• [New] Flexibility from technologies such as CLF, alongside energy storage, and interconnection, could save £10 billion (2012 prices) per year by 2050 by reducing the amount of generation and network build needed to decarbonise. GOV.UK
• [New] Deal activity in 2026 will be shaped by rapid expansion of renewable energy and storage, the growing role of digital infrastructure such as AI and data centers, and focused initiatives to strengthen supply chain resilience and grid reliability. Power Technology
• [New] Distributed energy storage such as home batteries and electric vehicle batteries could supply more overall storage than grid-scale batteries before 2030. The Conversation
• [New] The CLCPA calls for 100% clean electricity by 2040, with specific goals for offshore wind, solar, energy storage, and directing benefits to disadvantaged communities. post-journal.com
• [New] Australia needs 10-20 times more energy storage of all kinds by 2050 to meet its net zero emissions target. Australian Broadcasting Corporation
• [New] A 200-megawatt, $1 billion facility built by Canadian company Hydrostor near the historic mining city will be Australia's first large-scale compressed air energy storage facility, capable of powering up to 80,000 homes for a day. Australian Broadcasting Corporation
• [New] Global energy storage deployments are forecast to hit 92 GW in 2025: a 23% increase from 2024 and more than double 2023. Climate Drift
• [New] Investors who prioritize edge computing, application security, and energy storage will not only capitalize on high-growth markets but also align with global decarbonization imperatives. Ainvest
• [New] Tesla is already working on its own LFP battery production in the US, with a facility in Nevada (reportedly for its energy-storage products first) expected to come online in 2026. Electrek
• [New] Long-term energy storage is set to be a critical component of global energy security and a massive industrial sector going forward, as renewable-dependent grids will need to balance energy demand and surplus over weeks, months, and seasons as opposed to hours. oilprice.com
• [New] Paired with solar and wind, which remain the cheapest forms of new electricity, energy storage has the potential to rewire global energy markets, and the U.S. grid along with them. TechCrunch
• [New] At COP 29, nearly 60 countries committed to the Global Energy Storage and Grids Pledge, which sets a goal of deploying 1500 GW of energy storage, doubling global grid investments, and developing 25 million kilometers of grid infrastructure by 2030. IEA
• [New] Eindhoven's AI-chip startup Euclyd burst into the spotlight in 2025 with a bold promise: 100 × more energy-efficient AI compute and a clean-sheet chip architecture that could finally give Europe its own Nvidia. IO+
• [New] China signaled its latest support to the electric vehicle industry and lithium-rich energy storage systems with compensation mechanisms for power storage infrastructure, doubling EV charging capacity to 180 gigawatts by 2027. Trading Economics
• [New] The full value of tax credits for energy storage will remain in place until 2033, before dropping to 75% in 2034 and 50% in 2035. Latitude Media
• BloombergNEF anticipates 247 GWh of new energy storage capacity globally in 2025, excluding pumped hydro, and says annual additions will likely climb to around 972 GWh by 2035 - implying a fourfold increase in yearly deployments over the next decade. Zero Carbon Analytics
• The International Energy Agency expects renewables, grids, and storage investments to post another record high in 2025, and investments in fossil fuels to decrease. investing.com
• LG Energy Solution - Stellantis joint venture NextStar Energy will shift to producing batteries for energy storage systems at its Windsor, Ontario factory instead of EV batteries. JD Supra
• Renewable energy supported by storage is the cheapest form of new power, a view backed up last week by the International Energy Agency, which found a scenario in which countries pushed for net zero by 2050 would leave consumers better off than a slower transition. Australian Broadcasting Corporation

Last updated: 21 December 2025